Birchwood Group Sells Development Site In Delray Beach For $3.9M

Located in Delray Beach, the development site at 10069 La Reina Rd has recently been sold for a total price of $3,900,000. Spanning across 40,000 square feet, the property boasts a buildable square footage (BSF) of 275,735, equating to a price per buildable square foot (PPBSF) of $14. The sale price per square foot (PPSF) stands at $98. The transaction took place on March 24, 2022.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $3,900,000
• Address: 10069 La Reina Rd, Delray Beach
• Market: Delray Beach

The Birchwood Group acted as the seller in this deal, while the buyer's representative was Alan Kaye from Transworld Commercial, along with Katia Reisler and Marina Bartashnik from Douglas Elliman.